I recently took out a loan from cashnetusa. My current balance with them is $1035. The due date is coming up quickly but I am unable to pay them because I just lost my job. Are they legal in PA? They are calling it a line of credit. Also I haven't paid anything on it so is that going to get me in any legal trouble? I just don't know what to do but I don't have anything to pay them until I find work again.... thanks so much for any advice you can offer!
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.